The Chemours Company Reveals 1191% Rise In Q1 Bottom Line

(RTTNews) - The Chemours Company (CC) reported earnings for its first quarter that climbed compared to the same period last year.

The company said its bottom line climbed to $142 million, or $0.75 per share. This was higher than $11 million, or $0.06 per share, in last year's first quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.8% to $1.44 billion. This was up from $1.30 billion last year.

The Chemours Company earnings at a glance:

-Earnings (Q1): $142 Mln. vs. $11 Mln. last year. -Earnings Growth (Y-o-Y): 1190.9% -EPS (Q1): $0.75 vs. $0.06 last year. -EPS Growth (Y-o-Y): 1150.0% -Analysts Estimate: $0.50 -Revenue (Q1): $1.44 Bln vs. $1.30 Bln last year. -Revenue Change (Y-o-Y): 10.8%